jeanh

thanks🤣

🤣

I did ask the first agent why they were auditing a plan that required no discrimination testing, etc... (family business) he just kind of fumbled around with the standard, "could be many reasons" line, but did say they were trying to stay busy. This next one is a one man plan ,with no contributions..... really a huge waste of time, and they are not even visiting my office or clients office - just a teams meeting Just curious if any other areas are getting audits. I have not had a plan audit in over 10 years

These were very small 1 man plans for 2022-2024- in Houston Tx The first one was a family business with 3 family members only , audit went thru with no issues I am currently working on the 1 man plan - via zoom meeting and should be no issues Neither plan had any red flags, all data requested I had available Just curious, could the IRS possibly target my firm?

Has anyone started receiving audit request - I have had two of my clients audited in last 2 months

it is a 401k plan, and s corp

Have a company , father owns 100% of business and son over age 21 is only employee- I realize due to attrition rules the son also owns 100% - so is this a one man plan that I can file a 5500 EZ , or do I need to do an Sf?

thanks so much - this helps

I am trying to find a table that would come close to a rate for a very very old governmental plan (that was using an insurance company annuity rate of about $130 F/$112 M age 65 - interest would be 6.5%

Could you give me the rate for up84 at 6.5% and 7% at age 65 or is there a chart you could reference?

I have the same question, can they have have different employer contribution formulas?

Same question- can they have different employer contribution formulas?

Would you mind sending me the spreadsheet for a controlled group- thanks

thanks

as far as I can tell from the instructions with a self funded plan - you are exempt from all the schedules H, and would have nothing to report for Schedule C or G . Just seems like such limited amount of info to file, just worried I am missing something. Have I missed something